JPMorgan sees little impact on bond markets from the $1,000bn loss of equity market value triggered by DeepSeek on Monday, although fears of a broad rise in volatility could have a negative impact on credit spreads. Despite the falls in equities, spreads on high-rated bonds widened by an average of 1 basis point and the CDX investment-grade bond index widened by 0.7 basis point. JPMorgan credit strategists such as Eric Beinstein and Nathaniel Rosenbaum wrote in a note that "this is a logical out...
On January 28th, according to Forbes, Chinese generative artificial intelligence startup DeepSeek hit US stocks, Nvidia's stock price plummeted 16%, the market value evaporated more than 500 billion US dollars, and its CEO Huang Renxun's net worth shrank by 19.80 billion US dollars as of 1:45 Beijing time, the total wealth fell from 124.40 billion US dollars to 104.60 billion US dollars, and fell to 17th in the 10th place of Forbes' real-time billionaire list. The steeper shrinkage was Oracle Ch...
According to Lookonchain, after the market fell, a whale accumulated 257.50 billion SHIB (worth $4.60 million). The whale currently holds 477.50 billion SHIB (worth $8.57 million).
Digital asset investment products saw inflows of $1.90 billion last week, possibly as a result of a recent presidential executive order. Bitcoin saw inflows of $1.60 billion and Ethereum 205 million.
On January 27th, in 2024, our country's service trade achieved rapid growth, and the scale reached a new record high. The total value of service imports and exports for the year was 7.5238 trillion yuan, an increase of 14.4% year-on-year. Among them, exports 3.17556 trillion yuan, an increase of 18.2%; imports 4.34824 trillion yuan, an increase of 11.8%; service trade deficit 1.17268 trillion yuan, a decrease of 31.43 billion yuan over the previous year.
On January 27th, MIIT released data showing that in 2024, our country's software business revenue was 13.7276 trillion yuan, an increase of 10.0% year-on-year. The total profit of the software industry was 1.6953 trillion yuan, an increase of 8.7% year-on-year.
The net purchase amount of southbound funds reached 5 billion yuan.
DefiLlama data shows that the total market value of stablecoins exceeded 215 billion dollars, currently at 2155.29 billion dollars, a new high; an increase of 2.59% in the past week, USDT market share fell to 64.82%. It is worth mentioning that the market value of USDC reached $52.079 billion, an increase of nearly 20% in the past month.
China's central bank: today 298 billion yuan 14-day reverse repurchase operation, win the bidding interest rate of 1.65%, the same as before.
The People's Bank of China launched a 298 billion yuan 14-day reverse repurchase operation today. Because 123 billion yuan 7-day reverse repurchase expired today, a net investment of 175 billion yuan was achieved on the same day. To see the flow of funds in the open market, go to "Database-Bank of China Data" to view > >
On January 26th, the Ministry of Finance released data showing that from January to December 2024, the total operating income of state-owned enterprises was 84.72258 trillion yuan, an increase of 1.3% year-on-year. The total profit of state-owned enterprises was 4.35046 trillion yuan, an increase of 0.4% year-on-year. Taxes and fees payable by state-owned enterprises were 5.87809 trillion yuan, a decrease of 0.7% year-on-year. At the end of December, the asset-liability ratio of state-owned ente...
China's central bank: today 151 billion yuan 14-day reverse repurchase operation, win the bidding interest rate of 1.65%, the same as before.
On January 26th, the Shenzhen Municipal Bureau of Statistics released data, according to the unified accounting results of Guangdong Province's regional GDP, in 2024, Shenzhen's GDP was 3.680187 trillion yuan, calculated at constant prices, an increase of 5.8% year-on-year. The growth rate is higher than that of the whole province, ranking first in first-tier cities. Among them, the added value of the first industry was 2.637 billion yuan, an increase of 1.5% year-on-year; the added value of the...
On January 25th, the latest data released by the State Administration of Taxation showed that since December 1, 2024, the country began to implement new tax reduction and exemption policies such as real estate transaction deed tax incentives. In the first month of the implementation of the policy, the tax reduction dividend continued to be released, promoting the stable and healthy development of the real estate market. Data show that in the first month of the implementation of the new real esta...
On January 25, Cynthia Lummis, the sponsor of the Bitcoin Strategic Reserve Act and chair of the Senate Banking Subcommittee on Digital Assets, posted a picture of a laser eye symbolizing bitcoin supporters on social media, with the caption Please allow me to reintroduce myself.